Brookfield Co. (NYSE:BN) Receives $47.45 Average PT from Brokerages

Shares of Brookfield Co. (NYSE:BN) have earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $47.25.

Several research firms have recently commented on BN. BMO Capital Markets increased their price objective on shares of Brookfield from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. TheStreet upgraded shares of Brookfield from a “c” rating to a “b” rating in a research note on Thursday, February 8th. Scotiabank upped their price objective on Brookfield from $49.00 to $50.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 9th. TD Securities lifted their target price on Brookfield from $61.00 to $62.00 and gave the company an “action list buy” rating in a research report on Sunday, February 11th. Finally, Canaccord Genuity Group upped their price target on Brookfield from $41.00 to $42.50 and gave the stock a “hold” rating in a research report on Friday, February 9th.

Insider Transactions at Brookfield

In other Brookfield news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total value of $155,099.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the transaction, the director now owns 15,492,168 shares in the company, valued at $175,526,263.44. The disclosure for this sale can be found here. Corporate insiders own 11.00% of the company’s stock.

Institutional Trading of Brookfield

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Brookfield by 8.9% in the third quarter. Principal Financial Group Inc. now owns 63,734,864 shares of the company’s stock valued at $1,993,867,000 after purchasing an additional 5,192,256 shares during the period. Vanguard Group Inc. lifted its holdings in Brookfield by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 56,417,198 shares of the company’s stock worth $2,263,458,000 after buying an additional 987,520 shares in the last quarter. Capital World Investors raised its stake in shares of Brookfield by 102.2% in the fourth quarter. Capital World Investors now owns 49,424,522 shares of the company’s stock valued at $1,982,903,000 after acquiring an additional 24,975,364 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Brookfield by 16.2% in the fourth quarter. TD Asset Management Inc now owns 26,542,983 shares of the company’s stock valued at $1,069,892,000 after acquiring an additional 3,702,266 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in Brookfield by 1.2% in the third quarter. Bank of Nova Scotia now owns 20,312,486 shares of the company’s stock valued at $635,326,000 after purchasing an additional 242,567 shares during the period. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Price Performance

BN stock opened at $40.11 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15. The firm has a market capitalization of $65.86 billion, a price-to-earnings ratio of 64.69 and a beta of 1.49. The firm has a 50 day moving average price of $40.81 and a 200-day moving average price of $38.09. Brookfield has a 52-week low of $28.84 and a 52-week high of $43.17.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. The business had revenue of $24.52 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business earned $1.12 EPS. Brookfield’s revenue was up 1.3% compared to the same quarter last year. Equities research analysts forecast that Brookfield will post 3.75 EPS for the current fiscal year.

Brookfield Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.08 per share. This is a positive change from Brookfield’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 0.80%. The ex-dividend date was Tuesday, March 12th. Brookfield’s payout ratio is 51.61%.

About Brookfield

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.